BM ELECTRICS: what changed
What changed
BM ELECTRICS
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€235,507
2024 · €105,140+€130,367
Equity
€344,876
2024 · €324,980+€19,897
Cash
€190,704
2024 · €83,552+€107,153
Balance sheet total
€811,059
2024 · €498,514+€312,546
Largest movements
Assets
- Tangible fixed assets +€291,151
up €291,151 (+441%), from €66,014 to €357,165
of which Land and buildings: +€312,200
- Cash +€107,153
up €107,153 (+128%), from €83,552 to €190,704
mainly Debts after one year (+€236,823) and Net result for the year (+€235,507)
- Receivables within one year -€83,708
down €83,708 (-41.7%), from €200,683 to €116,975
of which Trade receivables: -€95,235
Equity and liabilities
- Debts after one year +€236,823
up €236,823 (+852%), from €27,799 to €264,621
- Short-term financial debts +€56,314
new in 2025: €56,314
- Other debts -€41,810
down €41,810 (-72.8%), from €57,420 to €15,610
- Tax, wage and social debts +€38,228
up €38,228 (+181%), from €21,167 to €59,394
of which Taxes: +€29,919
- Reserves +€19,897
up €19,897 (+6.5%), from €306,380 to €326,276
Income statement
- Gross operating margin +€282,280
up €282,280 (+78.4%), from €359,923 to €642,203
- Staff costs +€73,260
up €73,260 (+37.4%), from €195,713 to €268,973
- Taxes +€48,297
up €48,297 (+165%), from €29,224 to €77,522
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€105,140
Gross operating margin
+€282,280
Staff costs
-€73,260
Depreciation
+€6,162
Other operating charges
-€328
Other operating items
-€37,392
Financial income
+€4,535
Financial charges
-€3,334
Taxes
-€48,297
Result 2025
€235,507
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€331,264
Investment
-€312,988
Financing
+€88,877
Cash 2024
€83,552
From operations (derived)
+€331,264
Net result for the year
+€235,507
Depreciation
+€21,837
Stocks and contracts
-€2,699
Receivables within one year
+€83,708
Deferred charges and accrued income
+€4,749
Trade debts
-€7,986
Tax, wage and social debts
+€38,228
Other debts
-€41,810
Accrued charges and deferred income
-€270
Investment (derived)
-€312,988
Investment in fixed assets (net)
-€312,988
Financing
+€88,877
Debts after one year
+€236,823
Current portion of long-term debt
+€11,350
Short-term financial debts
+€56,314
Contributions, distributions and other
-€215,610
Cash 2025
€190,704
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €498,514 | €811,059 | +€312,546 | +62.7% |
| Fixed assets | 21/28 | €67,464 | €358,615 | +€291,151 | +432% |
| Tangible fixed assets | 22/27 | €66,014 | €357,165 | +€291,151 | +441% |
| Land and buildings | 22 | - | €312,200 | +€312,200 | |
| Plant, machinery and equipment | 23 | €2,356 | €1,173 | -€1,183 | -50.2% |
| Furniture and vehicles | 24 | €60,422 | €40,980 | -€19,442 | -32.2% |
| Other tangible fixed assets | 26 | €3,236 | €2,812 | -€424 | -13.1% |
| Financial fixed assets | 28 | €1,450 | €1,450 | = | 0.0% |
| Current assets | 29/58 | €431,050 | €452,444 | +€21,394 | +5.0% |
| Stocks and contracts in progress | 3 | €125,206 | €127,904 | +€2,699 | +2.2% |
| Stocks | 30/36 | €125,206 | €127,904 | +€2,699 | +2.2% |
| Amounts receivable within one year | 40/41 | €200,683 | €116,975 | -€83,708 | -41.7% |
| Trade receivables | 40 | €166,870 | €71,635 | -€95,235 | -57.1% |
| Other amounts receivable | 41 | €33,813 | €45,340 | +€11,527 | +34.1% |
| Cash at bank and in hand | 54/58 | €83,552 | €190,704 | +€107,153 | +128% |
| Deferred charges and accrued income | 490/1 | €21,610 | €16,861 | -€4,749 | -22.0% |
| Total equity and liabilities | 10/49 | €498,514 | €811,059 | +€312,546 | +62.7% |
| Equity | 10/15 | €324,980 | €344,876 | +€19,897 | +6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €306,380 | €326,276 | +€19,897 | +6.5% |
| Distributable reserves | 133 | €306,380 | €326,276 | +€19,897 | +6.5% |
| Amounts payable | 17/49 | €173,534 | €466,183 | +€292,649 | +169% |
| Amounts payable after more than one year | 17 | €27,799 | €264,621 | +€236,823 | +852% |
| Financial debts | 170/4 | €27,799 | €264,621 | +€236,823 | +852% |
| Amounts payable within one year | 42/48 | €139,014 | €195,111 | +€56,097 | +40.4% |
| Current portion of amounts payable after more than one year | 42 | €14,893 | €26,243 | +€11,350 | +76.2% |
| Financial debts | 43 | - | €56,314 | +€56,314 | |
| Credit institutions | 430/8 | - | €56,314 | +€56,314 | |
| Trade debts | 44 | €45,535 | €37,548 | -€7,986 | -17.5% |
| Suppliers | 440/4 | €45,535 | €37,548 | -€7,986 | -17.5% |
| Taxes, remuneration and social security | 45 | €21,167 | €59,394 | +€38,228 | +181% |
| Taxes | 450/3 | €2,602 | €32,522 | +€29,919 | +1,150% |
| Remuneration and social security | 454/9 | €18,564 | €26,873 | +€8,309 | +44.8% |
| Other amounts payable | 47/48 | €57,420 | €15,610 | -€41,810 | -72.8% |
| Accrued charges and deferred income | 492/3 | €6,721 | €6,451 | -€270 | -4.0% |
| Remuneration, social security and pensions | 62 | €195,713 | €268,973 | +€73,260 | +37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,999 | €21,837 | -€6,162 | -22.0% |
| Other operating charges | 640/8 | €2,972 | €3,300 | +€328 | +11.0% |
| Non-recurring operating charges | 66A | - | €37,392 | +€37,392 | |
| Gross operating margin | 9900 | €359,923 | €642,203 | +€282,280 | +78.4% |
| Operating profit (loss) | 9901 | €133,238 | €310,701 | +€177,463 | +133% |
| Financial income | 75/76B | €7,899 | €12,434 | +€4,535 | +57.4% |
| Recurring financial income | 75 | €7,899 | €12,434 | +€4,535 | +57.4% |
| Financial charges | 65/66B | €6,773 | €10,107 | +€3,334 | +49.2% |
| Recurring financial charges | 65 | €6,773 | €10,107 | +€3,334 | +49.2% |
| Profit (loss) for the period before taxes | 9903 | €134,364 | €313,028 | +€178,664 | +133% |
| Income taxes | 67/77 | €29,224 | €77,522 | +€48,297 | +165% |
| Profit (loss) for the period | 9904 | €105,140 | €235,507 | +€130,367 | +124% |
| Profit (loss) for the period to be appropriated | 9905 | €105,140 | €235,507 | +€130,367 | +124% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.